About the Organization:

The Division of Insurance ("DOI"), an Agency within the Office of Consumer Affairs and Business Regulation, administers the Commonwealth’s insurance consumer protection laws through its regulation of the insurance industry. The primary mission of the Division is to monitor the solvency of its licensees in order to promote a healthy, responsive and willing marketplace for consumers who purchase insurance products. The Division also investigates and responds to consumer inquiries and complaints, enforces state insurance laws and regulations, and provides the public with accurate and unbiased insurance information. An important aspect of the Division’s work is ensuring that the individuals and business entities conducting the business of insurance in Massachusetts do so in a legal and timely manner.

The Division of Insurance is committed to creating and sustaining a work culture that is welcoming, inclusive, and mutually respectful to all its employees regardless of race, color, age, creed, religion, national origin, ethnicity, sex, gender identity or expression, sexual orientation, genetic information, veteran or disability status. We strive to reflect diversity in all facets and levels of our agency. The Division of Insurance values inclusiveness and diversity within their employee and management teams. Within our community we strive to create and maintain working and learning environments that are inclusive, equitable, and welcoming.

The Division of Insurance is committed to ensuring a diverse and inclusive workplace where all employees feel respected, valued, and empowered to maximize their skills and talents to serve our citizens.

About the Role:

The Insurance Examiner II participates in the financial examination of insurance entities to test for solvency and ensure compliance with the Mass. General Laws and regulations. Duties include verifying assets, liabilities, and transactions of the insurance entity by evaluating CPA workpapers, testing controls, transactions and balances, and performing the examination in accordance with the guidelines and procedures of the National Association of Insurance Commissioners Financial Condition Examiners Handbook and the NAIC Accreditation Program Manual.

Duties and Responsibilities:(these duties are a general summary and not all inclusive):

Examinethe records of insurance companies by reviewing transactions and documents and assessing financial conditions in order to ensure compliance with applicable state and federal laws, rules, regulations, guidelines and procedures. This is done by:Assisting the Examiner-in-Charge in making preliminary judgments of materiality;Assisting the Examiner-in-Charge in setting tolerable error parameters and determining whether exceptions identified are material to a change in surplus levels;Reviewing company financial statements for completeness and accuracy;Assisting the Examiner-in-Charge in determining company's overall financial condition;Identifying deterioration in asset quality, liquidity or capital adequacy;Under the direction of the Examiner-in-Charge, reviewing and evaluating independent CPA workpapers;Performing independent tests of company controls, transactions, and trial balances;Assisting the EIC in development sampling techniques and;As assigned by the EIC, reviewing for completeness the Company's General Ledger, Board of Directors minutes and committee meetings, events subsequent to the previous examination, transactions with affiliated companies, internal audit reports, reinsurance treaties, custodial agreements, corporate bylaws, work of outside specialists (actuaries, reinsurance, etc.), evaluating responses to specific Risk Analysis Questionnaires, holding company management agreements, and letters of representation.Perform financial surveillance and oversee the governing operations of the workers’ compensation self-insurance groups licensed in the Commonwealth. Perform oversight of the Division’s limited societies pursuant to Massachusetts General Law Chapter 176P.Responsible for the annual collection of Surplus Lines tax and overseeing the record maintenance of special insurance brokers, licensing, and procurement of insurance in unauthorized companies.Administer the appointment, renewal and record maintenance of Risk Purchasing Groups.Performthe examination process in strict accordance with the NAIC Financial Condition Examiners Handbook procedures and the NAIC Accreditation Program Manual.Determinethe format to be used in order to properly conduct audits and examinations. Review and interpret NAIC Financial Examiners handbook procedures and evaluate applicability to each examination cycle.Conferwith agency personnel, company personnel and others to obtain data and/or supportive documentation.Prepare financial reports and statements based on findings of audits/examinations to describe the financial condition of institutions examined, to provide information concerning activities, and to recommend changes in policies and procedures; completeand organizeworkpapers documenting examination work performed to support the examiner findings and conclusions; prepare a written description of each assigned account summarizing results, including any adjustment to the Company reported amounts in addition to any compliance or non-compliance to Massachusetts General Laws; document all communication between the company and the examiner.When assigned by the Examiner-in-Charge, Supervising Examiner or Chief Examiner, and as necessary, supervise work of other examination staff.Reviewnew laws, regulations, administrative bulletins, etc. to determine their impact on insurance companies, HMOs and all examined entities.Providedocumentation on any exceptions found in the verification of company records.

​​​​​​​​​​​​​​​​​​​Preferred Knowledge, Skills, and Abilities:

Knowledge of the principles and practices of general accounting including terminology.Knowledge of the principles and practices of auditing.Knowledge of the methods of general report writing.Ability to analyze and determine the applicability of data, to draw conclusions and make appropriate recommendations.Ability to read and interpret documents such as financial reports, accounts and ledgers.Ability to understand, apply and explain the laws, rules, regulations, policies, procedures, etc., governing assigned unit activities.Ability to perform mathematical calculations using formulae to solve problems.Ability to follow oral and written instructions.Ability to gather information by examining records and documents and through questioning individuals.Ability to maintain accurate records.Ability to prepare general and financial reports.Ability to write concisely, to express thoughts clearly and to develop ideas in logical sequence.Ability to communicate effectively in oral expression.Ability to exercise sound judgment.Ability to exercise discretion in handling confidential information.Ability to adapt to varying work situations.Ability to establish and maintain harmonious working relationships and deal tactfully with others.Ability to work in a team setting.Ability to work independently.Knowledge of the principles of investment and management analysis as related to the insurance industry.Knowledge of the terminology used in the insurance industry.Ability to give oral and written instructions in a precise, understandable manner.Ability to supervise, including planning and assigning work according to the nature of the job to be accomplished, the capabilities of subordinates and available resources; controlling work through periodic reviews and/or evaluations; determining subordinates' training needs and providing or arranging for such training; motivating subordinates to work effectively; determining the need for disciplinary action and either recommending or initiating disciplinary action.

All applicants should attach a cover letter and resume to their online submission for this position.

SALARY PLACEMENT IS DETERMINED BY YEARS OF EXPERIENCE AND EDUCATION DIRECTLY RELATED TO THE POSITION AND THE HUMAN RESOURCES DIVISION’S RECRUITING GUIDELINES. IN THE CASE OF A PROMOTIONAL OPPORTUNITY, THE SALARY PROVISIONS OF THE APPLICABLE COLLECTIVE BARGAINING AGREEMENT WILL APPLY TO (OR WILL BE UTILIZED FOR) PLACEMENT WITHIN THE SALARY RANGE.

About the Organization:

The Division of Insurance ("DOI"), an Agency within the Office of Consumer Affairs and Business Regulation, administers the Commonwealth’s insurance consumer protection laws through its regulation of the insurance industry. The primary mission of the Division is to monitor the solvency of its licensees in order to promote a healthy, responsive and willing marketplace for consumers who purchase insurance products. The Division also investigates and responds to consumer inquiries and complaints, enforces state insurance laws and regulations, and provides the public with accurate and unbiased insurance information. An important aspect of the Division’s work is ensuring that the individuals and business entities conducting the business of insurance in Massachusetts do so in a legal and timely manner.

The Division of Insurance is committed to creating and sustaining a work culture that is welcoming, inclusive, and mutually respectful to all its employees regardless of race, color, age, creed, religion, national origin, ethnicity, sex, gender identity or expression, sexual orientation, genetic information, veteran or disability status. We strive to reflect diversity in all facets and levels of our agency. The Division of Insurance values inclusiveness and diversity within their employee and management teams. Within our community we strive to create and maintain working and learning environments that are inclusive, equitable, and welcoming.

The Division of Insurance is committed to ensuring a diverse and inclusive workplace where all employees feel respected, valued, and empowered to maximize their skills and talents to serve our citizens.

About the Role:

The Insurance Examiner II participates in the financial examination of insurance entities to test for solvency and ensure compliance with the Mass. General Laws and regulations. Duties include verifying assets, liabilities, and transactions of the insurance entity by evaluating CPA workpapers, testing controls, transactions and balances, and performing the examination in accordance with the guidelines and procedures of the National Association of Insurance Commissioners Financial Condition Examiners Handbook and the NAIC Accreditation Program Manual.

Duties and Responsibilities:(these duties are a general summary and not all inclusive):

Examinethe records of insurance companies by reviewing transactions and documents and assessing financial conditions in order to ensure compliance with applicable state and federal laws, rules, regulations, guidelines and procedures. This is done by:Assisting the Examiner-in-Charge in making preliminary judgments of materiality;Assisting the Examiner-in-Charge in setting tolerable error parameters and determining whether exceptions identified are material to a change in surplus levels;Reviewing company financial statements for completeness and accuracy;Assisting the Examiner-in-Charge in determining company's overall financial condition;Identifying deterioration in asset quality, liquidity or capital adequacy;Under the direction of the Examiner-in-Charge, reviewing and evaluating independent CPA workpapers;Performing independent tests of company controls, transactions, and trial balances;Assisting the EIC in development sampling techniques and;As assigned by the EIC, reviewing for completeness the Company's General Ledger, Board of Directors minutes and committee meetings, events subsequent to the previous examination, transactions with affiliated companies, internal audit reports, reinsurance treaties, custodial agreements, corporate bylaws, work of outside specialists (actuaries, reinsurance, etc.), evaluating responses to specific Risk Analysis Questionnaires, holding company management agreements, and letters of representation.Perform financial surveillance and oversee the governing operations of the workers’ compensation self-insurance groups licensed in the Commonwealth. Perform oversight of the Division’s limited societies pursuant to Massachusetts General Law Chapter 176P.Responsible for the annual collection of Surplus Lines tax and overseeing the record maintenance of special insurance brokers, licensing, and procurement of insurance in unauthorized companies.Administer the appointment, renewal and record maintenance of Risk Purchasing Groups.Performthe examination process in strict accordance with the NAIC Financial Condition Examiners Handbook procedures and the NAIC Accreditation Program Manual.Determinethe format to be used in order to properly conduct audits and examinations. Review and interpret NAIC Financial Examiners handbook procedures and evaluate applicability to each examination cycle.Conferwith agency personnel, company personnel and others to obtain data and/or supportive documentation.Prepare financial reports and statements based on findings of audits/examinations to describe the financial condition of institutions examined, to provide information concerning activities, and to recommend changes in policies and procedures; completeand organizeworkpapers documenting examination work performed to support the examiner findings and conclusions; prepare a written description of each assigned account summarizing results, including any adjustment to the Company reported amounts in addition to any compliance or non-compliance to Massachusetts General Laws; document all communication between the company and the examiner.When assigned by the Examiner-in-Charge, Supervising Examiner or Chief Examiner, and as necessary, supervise work of other examination staff.Reviewnew laws, regulations, administrative bulletins, etc. to determine their impact on insurance companies, HMOs and all examined entities.Providedocumentation on any exceptions found in the verification of company records.

​​​​​​​​​​​​​​​​​​​Preferred Knowledge, Skills, and Abilities:

Knowledge of the principles and practices of general accounting including terminology.Knowledge of the principles and practices of auditing.Knowledge of the methods of general report writing.Ability to analyze and determine the applicability of data, to draw conclusions and make appropriate recommendations.Ability to read and interpret documents such as financial reports, accounts and ledgers.Ability to understand, apply and explain the laws, rules, regulations, policies, procedures, etc., governing assigned unit activities.Ability to perform mathematical calculations using formulae to solve problems.Ability to follow oral and written instructions.Ability to gather information by examining records and documents and through questioning individuals.Ability to maintain accurate records.Ability to prepare general and financial reports.Ability to write concisely, to express thoughts clearly and to develop ideas in logical sequence.Ability to communicate effectively in oral expression.Ability to exercise sound judgment.Ability to exercise discretion in handling confidential information.Ability to adapt to varying work situations.Ability to establish and maintain harmonious working relationships and deal tactfully with others.Ability to work in a team setting.Ability to work independently.Knowledge of the principles of investment and management analysis as related to the insurance industry.Knowledge of the terminology used in the insurance industry.Ability to give oral and written instructions in a precise, understandable manner.Ability to supervise, including planning and assigning work according to the nature of the job to be accomplished, the capabilities of subordinates and available resources; controlling work through periodic reviews and/or evaluations; determining subordinates' training needs and providing or arranging for such training; motivating subordinates to work effectively; determining the need for disciplinary action and either recommending or initiating disciplinary action.

All applicants should attach a cover letter and resume to their online submission for this position.

SALARY PLACEMENT IS DETERMINED BY YEARS OF EXPERIENCE AND EDUCATION DIRECTLY RELATED TO THE POSITION AND THE HUMAN RESOURCES DIVISION’S RECRUITING GUIDELINES. IN THE CASE OF A PROMOTIONAL OPPORTUNITY, THE SALARY PROVISIONS OF THE APPLICABLE COLLECTIVE BARGAINING AGREEMENT WILL APPLY TO (OR WILL BE UTILIZED FOR) PLACEMENT WITHIN THE SALARY RANGE.

First consideration will be given to those applicants that apply within the first 14 days.

Minimum Entrance Requirements:

Applicants must have at least (A) three years of full-time, or equivalent part-time, professional experience in accounting, auditing, or in the examination of insurance companies or in the regulation of the insurance industry, or (B) any equivalent combination of the required experience and the substitutions below.

Substitutions:

I. A Bachelor's degree with a major in accounting, business administration, business management or insurance may be substituted for a maximum of two years of the required experience.

II. A Graduate degree with a major in accounting, business administration, business management or insurance may be substituted for the required experience.

Education toward such a degree will be prorated on the basis of the proportion of the requirements actually completed.

Special Requirements: Based on assignment, possession of a current and valid Massachusetts Motor Vehicle Operator's license may be required.

Comprehensive Benefits

When you embark on a career with the Commonwealth, you are offered an outstanding suite of employee benefits that add to the overall value of your compensation package. We take pride in providing a work experience that supports you, your loved ones, and your future.

Want the specifics?Explore our Employee Benefits and Rewards

An Equal Opportunity / Affirmative Action Employer.Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply.

The Commonwealth is an Equal Opportunity Employer and does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, disability, national origin, veteran status, or any other basis covered by appropriate law. Research suggests that qualified women, Black, Indigenous, and Persons of Color (BIPOC)may self-select out of opportunities if they don't meet 100% of the job requirements. We encourage individuals who believe they have the skills necessary to thrive to apply for this role.

First consideration will be given to those applicants that apply within the first 14 days.

Minimum Entrance Requirements:

Applicants must have at least (A) three years of full-time, or equivalent part-time, professional experience in accounting, auditing, or in the examination of insurance companies or in the regulation of the insurance industry, or (B) any equivalent combination of the required experience and the substitutions below.

Substitutions:

I. A Bachelor's degree with a major in accounting, business administration, business management or insurance may be substituted for a maximum of two years of the required experience.

II. A Graduate degree with a major in accounting, business administration, business management or insurance may be substituted for the required experience.

Education toward such a degree will be prorated on the basis of the proportion of the requirements actually completed.

Special Requirements: Based on assignment, possession of a current and valid Massachusetts Motor Vehicle Operator's license may be required.

Comprehensive Benefits

When you embark on a career with the Commonwealth, you are offered an outstanding suite of employee benefits that add to the overall value of your compensation package. We take pride in providing a work experience that supports you, your loved ones, and your future.

Want the specifics?Explore our Employee Benefits and Rewards

An Equal Opportunity / Affirmative Action Employer.Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply.

The Commonwealth is an Equal Opportunity Employer and does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, disability, national origin, veteran status, or any other basis covered by appropriate law. Research suggests that qualified women, Black, Indigenous, and Persons of Color (BIPOC)may self-select out of opportunities if they don't meet 100% of the job requirements. We encourage individuals who believe they have the skills necessary to thrive to apply for this role.